Targeting 2930 on the ES.
I'm looking to target the bottom of the next swing (about 100-120 points higher than where we are now) on the ES. This is a good place to take some long profits, because it's the bottom of the next swing, and the 0.618 fib retracement of the large move down.
After that, we could reject (and move lower) or hold the 0.618 and go test the 0.786 (the top of the swing).
After that, we could reject (and move lower) or hold the 0.618 and go test the 0.786 (the top of the swing).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.